Unfortunately, you are right about yourself being uneducated.   ...

  1. 17,696 Posts.
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    Unfortunately, you are right about yourself being uneducated.   

    Low rates did not pump up asset prices - it was people's demand for assets that pumped it up - simply it was greed, just like you wanting higher interest rates for your self interest - GREED.  

    The policies of the Government also help drive this greed. 

    The problem is you don't acknowledge you have your own greed.  You think its ok for you to gain, but for others to lose!!!

    As to banks SP - they go up and down on a daily basis - its about when you bought them and when you sold them.  Long term holder like myself (bought mine during the GFC) have no problems with fluctuations.

    As to your education in the IT industry - well, you should know it was due to the advancement of the IT industry which destroyed a LOT OF JOBS , also created some in the IT industry that pushed inflationary pressures down.

    Perhaps you should invest a bit of money in Economics and then you might understand the changes brought about, by your industry.

    Yes, uneducated indeed.


    Last edited by Cosmoterios: 22/01/19
 
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